We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. The corrective structure following the upward structure also looks complete now which means we can see more upside again. However, we cannot exclude a bigger correction that goes deeper into the wave (4) area.
It looks like we will get a larger corrective move that goes deeper into the area of wave ((iv)). The next completion of the corrective structure is again a buying opportunity.
We believe the wave ((b)) to the downside can be finished. If not, it becomes the next buying opportunity. A wave ((c)) to the upside should follow.
We are looking at two scenarios for the DAX now. In the bullish scenario, we see an opportunity to go long. In the bearish scenario, there is an opportunity to go short.
Hello, everyone! Today, we will delve into a future vision of the DNX chart. Let's explore its potential and implications together! 1) In the last few days, DNX experienced a parabolic movement from $0.35 up to $0.8 cents. After that, we formed a price peak at $0.8 cents and underwent a downward correction following the Elliott Wave ABC correction, eventually...
The chart holds the expected movement for the beginning of the week if we are in the final wave down of Intermediate wave 1. Minor wave 4 moved nearly on target with a reversal at the maximum historically observed reversal point and ran one hour beyond the models, however it fell drastically as expected. That idea can be viewed here: I initially believed the...
The chart holds the expected movement for the beginning of the week if we are in the final wave down of Intermediate wave 1. Minor wave 4 moved nearly on target with a reversal at the maximum historically observed reversal point and ran one hour beyond the models, however it fell drastically as expected. That idea can be viewed here: I initially believed the...
After a major corrective zigzag ABC - Ripple is back to the downtrend again
The outlook remains unchanged supported (biased) by similar patterns that I see in precious metals that chose to correlate with US markets thus far.
I spent the last few weeks out of trading as I attempted to identify the start of an ending diagonal based on what I saw on lower timeframes in anticipation of the [A ] [B ] [C ] flat. With the decline that happened last week, I am now open to three alternatives. Black Labels [A ] [B ] [C ]. Wave [C ] is an expanding diagonal with wave b already completed....
In Silver, the picture appears to be a little clearer than in Gold, since the price appears to have formed a definite (W)(X)(Y) pattern, with (X) being a symmetrical triangle. Such a pattern is the best candidate for wave [2 ] of the expected diagonal. Unless the price keeps drilling and forming a smaller diagonal pointed downwards I am fairly confident that the...
After a strong impulse of 30% / $7000. Bitcoin gradually declines in a zigzag-like correction Targets $28k - FWB:27K
5 Wave ~4800-5000 Possibly Ending SPX Hypercycle A long search for the DIP awaits us $-)
Reversal Soon and Ressurection Dollar Who is Daddy here ?... )))
Next Move Wave C and Long Grow
V Wave 135-years Supercycle ~6500-7000 and Crush